Methanol bunker demand for container ships to reach 3-mtpa by mid-2020s
Dutch fertiliser, fuels, and feedstock provider OCI is also encouraged by orders from non-boxship segments
Tankers
Lorentzen & Co cuts broking staff after results disappoint
Broker is in talks with staff to see who will leave
Vietnamese tanker detained after Russia sanctions probe
The Elephant was involved in an oil product trade linked to a former Russian-flagged vessel
Sovcomflot-linked Dubai shipowner Sun Ship Management faces EU blacklist
SCF Group denies Sovcomflot tankers were transferred to Dubai-based entity following Russia’s invasion of Ukraine
Thenamaris returns to Chinese shipyard for product tanker order trio after ten-year hiatus
Greek owner is poised to order three high-spec aframax product carriers costing around $190m
ICS submits $10bn plan for Fund and Reward green fuels scheme to IMO
Details of scheme to reward first movers for the CO2 emissions prevented by the use of alternative fuels suggest an initial price of $50 per tonne of fuel
IEA: Russian oil revenues tumble despite successful trade reshuffle
Energy body says G7 oil price cap has been successful in driving down prices but keeping oil flowing
Strong fourth quarter boosts revenue for Malaysia’s MISC by 29.9% in 2022
Asian shipping giant ends its 2022 financial year with a pre-tax profit of MYR 1.87bn ($427m)
Strong chemical market awaits stainless newbuilding deliveries
Hansa Tankers is not making prophecies but finds the limited all-stainless orderbook a hopeful background for newbuildings
Flying hydrofoil ferry among winners of £60m UK green marine funding
Projects for electric ferries, hydrogen powered fuel cells and wind propulsion technologies share in UK scheme to foster cleaner ships